.

A few 100K buy orders lined up on the bid side of FOGL and BOR.

Wonder what that means ? ;)

Lots of chatter about oil find on top of gas find (actually gas on top of oil for those being pedantic) for BOR.

Either is good for FOGL as it proves a working hydrocarbon system in the South Falklands Basin and removes a wedge of risk for FOGL's prospects.

If we get the BOR RNS out before the FOGL farm in news - it makes the farm in much more valuable for FOGL as the farm in partner pays the same money but gets only 12.5% of the Southern licenses.

Nice.........

Something must have leaked out, and I don't mean oil.

I made this earlier to show FOGL follow on wells that would be derisked by success of the 4 wells (2 BOR and 2 FOGL) planned this year.




You can see that success at Darwin unlocks a lot of potential barrels into play for FOGL.

Nice close.

Amazing day.

http://www.dailymail.co.uk/money/markets/article-2131749/MARKET-REPORT-Oil-explorer-Borders--Southern-hits-Falklands-Islands-jackpot.html

.

http://www.thesun.co.uk/sol/homepage/news/money/article4265337.ece

Falklands phwoar

HOPES of more black gold being discovered off the Falklands sent shares in an oil minnow soaring 55 per cent last night.

BORDERS & SOUTHERN was forced to play down talk it had made a strike south of the islands — as excited investors piled in.

But a spokesman refused to rule out success at the company’s “Darwin” field. Sources in the Falklands claimed the company HAD made a bumper discovery but was currently evaluating its size and scale.

A crew change on Borders’ rig two days ago is thought to have seen workers returning to Port Stanley fuelling rumours that have been fizzing around the internet.

One analyst conceded amid the confusion: “I guess it’s just speculation as to a positive result.” Borders’ share price soared 38.50p to 108. FALKLANDS OIL & GAS, which has interests close to the Borders field, climbed 24.25p to 93.

...........Broker Panmure Gordon has forecast that should Borders & Southern announce a large oil discovery at its Darwin prospect in the Falkland Islands its share price could rocket to 435p, while other industry experts suggested £5 a share would be a possibility............

Read more: http://www.thisismoney.co.uk/money/markets/article-2131749/MARKET-REPORT-Oil-explorer-Borders--Southern-hits-Falklands-Islands-jackpot.html#ixzz1sSeGcKyW

interestingly (and factually!), the order book for BOR is quite even, slightly in favour of bids, whereas that for FOGL shows 3x bid to offer

Were you getting your FKL's & FOGL's mixed up in the excitement Mr C? ;o)

86p looks a better buy than 96p cyners.,.

no shit sherlock :-)

Well I'm now two thirds in FOGL...one third in BOR....and will now wait for the impending much awaited rns....whenever that may be......

BOR were quite explicit - no news until wireline is done, results are known and have been interpreted. And we know from RKH this takes 4 to 5 days from completion of drilling.

http://www.investegate.co.uk/Article.aspx?id=201203160700114668Z

.........A further announcement will be made once the well has reached total depth, the wireline logs have been run and their interpretation completed.............

So it's imminent....today ?...

Could be today, tomorrow or Monday.

RKH took 4 days from getting to TD to completing logging.

So Monday is possible next week, as is anytime, depends when they stopped drilling.

The sp could be double what it is today even before spudding their first well !.

I would guess at the moment a hell of a lot of people are short FOGL as a hedge to BOR bad news.

FOGL with short closing could do well even on bad BOR news......... :)